Core Viewpoint - The polysilicon industry is forming a consortium for storage, which is seen as an effective measure to combat internal competition and accelerate supply-side reforms in the photovoltaic industry [1][2][4]. Group 1: Industry Developments - A total of 17 leading companies have signed on to establish a polysilicon storage platform, with plans to complete the setup by the end of the year [1]. - The consortium aims to address the severe supply-demand mismatch in the industry and facilitate the exit of inefficient capacities [5]. - The initiative is supported by major players like GCL-Poly Energy Holdings and Tongwei Co., Ltd., who are collaborating under the guidance of relevant government departments [2][4]. Group 2: Market Conditions - The polysilicon sector is characterized by high asset intensity, energy consumption, and environmental pressures, making low-price competition unnecessary [3]. - Despite the formation of the consortium, the industry still faces significant supply-demand imbalances, with October production expected to reach approximately 134,000 tons, indicating an oversupply situation [4]. - Leading companies plan to reduce production to between 125,000 and 130,000 tons per month in November and December, yet year-end inventory may exceed 400,000 tons [4]. Group 3: Strategic Implications - The formation of the storage consortium is viewed as a positive step towards the sustainable development of the photovoltaic industry, promoting self-regulation and collective strength against external competition [3][4]. - The industry consensus is shifting away from price competition towards value competition based on technological innovation and quality improvement [4]. - However, the consortium's effectiveness will depend on the unified action of leading companies and the ability to manage downstream capacity reductions [5].